I will have to set aside the cooking analogy that I promised to write about for another day as the IPL IV lessons seem to have more currency.
There are two key messages that I have come across when it comes to team building.
One is who you choose and two is who you retain.
This is very relevant when we start new ventures and how you plan to scale. For a button start situation , we need to figure who the best and affordable are and make sure we get them. Just have a look at Chennai Super kings or for that matter Mumbai Indians. They did their best in picking and retaining their biggest bets. And they went all out in making the most in getting their combo in consistent winners.
Building the senior management team for yourself is also as important. Go behind the ones who you have trusted and make sure they believe in what you start and you showcase your belief in them.
It is not as easy as it is made out to be. Very difficult to meet the pay standards, very high degree of emotional connect needed, not easy to meet many unsaid expectations. But as long as the vision is shared, there is success waiting to happen.
Retaining your team: This is even more difficult, especially if you have a investors who either do not understand the business or are eternally impatient on progress. It is not a rule to assume that each time there is success it is the product and each time there is a setback its the people.
Maintaining the team, allowing them to make their mistakes and adjustments and bringing them to alevel where you are sure they know what they are supposed to do takes time and does not come by nature to many and comes by nurture only to a few.
One of the success factor for consistent performance is a solid team which knows the job , each other and is retained for long. Slice and dice, cut and chop does not work.
In IPL IV, we can see the reason why CSK runs a consistent form, WHy RCB suddenly hit a consistent form, Why Mumbai performed till they started shuffling and eventually dropping team mates.
It may just a sport but lets know that captains are running the company equivalent which is the team and their performance/wins is the equivalent of revenue and they also appraise members like companies do.
This is really dicey and difficult. But with a bit of care and shrewdness it is achievable.
There are two key messages that I have come across when it comes to team building.
One is who you choose and two is who you retain.
This is very relevant when we start new ventures and how you plan to scale. For a button start situation , we need to figure who the best and affordable are and make sure we get them. Just have a look at Chennai Super kings or for that matter Mumbai Indians. They did their best in picking and retaining their biggest bets. And they went all out in making the most in getting their combo in consistent winners.
Building the senior management team for yourself is also as important. Go behind the ones who you have trusted and make sure they believe in what you start and you showcase your belief in them.
It is not as easy as it is made out to be. Very difficult to meet the pay standards, very high degree of emotional connect needed, not easy to meet many unsaid expectations. But as long as the vision is shared, there is success waiting to happen.
Retaining your team: This is even more difficult, especially if you have a investors who either do not understand the business or are eternally impatient on progress. It is not a rule to assume that each time there is success it is the product and each time there is a setback its the people.
Maintaining the team, allowing them to make their mistakes and adjustments and bringing them to alevel where you are sure they know what they are supposed to do takes time and does not come by nature to many and comes by nurture only to a few.
One of the success factor for consistent performance is a solid team which knows the job , each other and is retained for long. Slice and dice, cut and chop does not work.
In IPL IV, we can see the reason why CSK runs a consistent form, WHy RCB suddenly hit a consistent form, Why Mumbai performed till they started shuffling and eventually dropping team mates.
It may just a sport but lets know that captains are running the company equivalent which is the team and their performance/wins is the equivalent of revenue and they also appraise members like companies do.
This is really dicey and difficult. But with a bit of care and shrewdness it is achievable.
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